"In the gas industry, we now consider promising variants for swap gas supplies to Iran’s north via Azerbaijan with the possibility to build a gas liquefying plant in Iran’s south in order to receive LNG in the amounts, which will be sufficient for gas deliveries to the markets of Southeast Asia," Novak told reporters upon results of talks with his Iranian and Azerbaijani partners.

While touching upon interaction of the countries in the oil sphere, the minister said that participants in Monday’s talks discussed the possibility to use the infrastructure, implement joint oil projects, including those in the Caspian Sea, in Iran and Azerbaijan.

"You know that our companies are taking part in those projects. They pool their efforts in the creation of high technologies and production of related equipment, which is now exported from abroad," Novak said.